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Grupo Cibest (NYSE: CIB) director adds over 41,000 pension fund units

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Grupo Cibest S.A. director Luis Fernando Restrepo Echavarria reported acquiring 41,555.570 units of the Grupo Cibest Equity Securities Fund on July 16, 2026 at about COP 26,276.515609 (≈$8.13) per unit, bringing his indirect holdings to 82,618.6167 units.

The units are held in an institutional voluntary pension fund sponsored by Grupo Cibest and run by an independent manager. The fund is unitized, invests mainly in Grupo Cibest common and preferred shares with some cash, is payable only in cash at withdrawal, has no expiration date, and the director has no voting or investment discretion over the fund’s assets.

Positive

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Negative

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Insider Restrepo Echavarria Luis Fernando
Role Director
Type Security Shares Price Value
Grant/Award Units in Grupo Cibest Equity Securities Fund 41,555.57 $8.13 $338K
Holdings After Transaction: Units in Grupo Cibest Equity Securities Fund — 82,618.617 shares (Indirect, Director Voluntary Pension Fund Units)
Footnotes (1)
  1. The reported securities represent units held by the reporting person in an institutional voluntary pension fund sponsored by the issuer and administered by an independent third-party manager. The fund is unitized and invests primarily in Grupo Cibest common and preferred shares, together with a small amount of cash. The reporting person does not have voting or investment discretion with respect to the assets held by the fund. The reported units were credited pursuant to a voluntary cash contribution to the fund, are not purchased at a fixed or negotiated price, and are payable solely in cash based on the value of the fund on the date of withdrawal. The number of Grupo Cibest shares economically attributable to the units cannot be determined until the date of withdrawal. The price of a Unit on July 16, 2026 was COP 26,276.515609 equal to approximately $8.13 per Unit using a conversion rate of COP 3,233.91 per $1. The instrument has no expiration date
Units Acquired 41,555.570 units Units in Grupo Cibest Equity Securities Fund acquired on July 16, 2026
Total Units After Transaction 82,618.6167 units Indirect holdings in the Grupo Cibest Equity Securities Fund following the acquisition
Unit Price (COP) COP 26,276.515609 Value per fund unit on July 16, 2026
Unit Price (USD equivalent) $8.13 per unit Approximate per-unit value using the stated FX rate
FX Rate COP 3,233.91 per $1 Conversion rate used to translate unit price into U.S. dollars
institutional voluntary pension fund financial
"units held by the reporting person in an institutional voluntary pension fund sponsored"
unitized financial
"The fund is unitized and invests primarily in Grupo Cibest common and"
investment discretion financial
"The reporting person does not have voting or investment discretion with respect"
independent third-party manager financial
"sponsored by the issuer and administered by an independent third-party manager"
expiration date financial
"The instrument has no expiration date"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What did Grupo Cibest (CIB) director Luis Fernando Restrepo acquire?
Luis Fernando Restrepo Echavarria acquired 41,555.570 units of the Grupo Cibest Equity Securities Fund on July 16, 2026. These units are held in an institutional voluntary pension fund that invests mainly in Grupo Cibest common and preferred shares, plus a small cash component.

How large is Luis Fernando Restrepo’s indirect pension fund position in Grupo Cibest (CIB)?
After the latest transaction, Restrepo indirectly holds 82,618.6167 units in the Grupo Cibest Equity Securities Fund. These units represent an economic interest in a fund investing primarily in Grupo Cibest shares, but the exact number of shares attributable is only determinable at withdrawal.

What price was paid for the Grupo Cibest (CIB) pension fund units?
On July 16, 2026, each fund unit was valued at COP 26,276.515609, approximately $8.13 per unit using a COP 3,233.91 per $1 exchange rate. Units were credited pursuant to a voluntary cash contribution, not purchased at a fixed or negotiated market price.

Does the Grupo Cibest (CIB) director control voting or investments in the pension fund?
The reporting director has no voting or investment discretion over assets held by the institutional voluntary pension fund. An independent third-party manager administers the fund, which is sponsored by Grupo Cibest and invests mainly in its common and preferred shares, plus some cash.

Is the Grupo Cibest (CIB) pension fund investment settled in shares or cash?
The fund units are payable solely in cash based on the fund’s value on the withdrawal date. The number of Grupo Cibest shares economically attributable to the units cannot be determined until withdrawal, emphasizing that this is a cash-settled economic interest rather than direct share ownership.

Does the Grupo Cibest (CIB) pension fund instrument have an expiration date?
The institutional voluntary pension fund instrument reported by the director has no expiration date. Units remain outstanding until the holder withdraws, at which point the value is settled in cash based on the fund’s then-current value.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Restrepo Echavarria Luis Fernando
(Last)(First)(Middle)
CRA. 48 # 26-85
(Street)
MEDELLIN, COLOMBIA050001
(City)(State)(Zip)
COLOMBIA
(Country)		2. Issuer Name and Ticker or Trading Symbol
Grupo Cibest S.A. [ CIB ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/16/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Units in Grupo Cibest Equity Securities Fund(1)(1)07/16/2026A41,555.57 (1) (2)Common Shares and Preferred Shares(1)$8.1382,618.6167IDirector Voluntary Pension Fund Units(1)
Explanation of Responses:
1. The reported securities represent units held by the reporting person in an institutional voluntary pension fund sponsored by the issuer and administered by an independent third-party manager. The fund is unitized and invests primarily in Grupo Cibest common and preferred shares, together with a small amount of cash. The reporting person does not have voting or investment discretion with respect to the assets held by the fund. The reported units were credited pursuant to a voluntary cash contribution to the fund, are not purchased at a fixed or negotiated price, and are payable solely in cash based on the value of the fund on the date of withdrawal. The number of Grupo Cibest shares economically attributable to the units cannot be determined until the date of withdrawal. The price of a Unit on July 16, 2026 was COP 26,276.515609 equal to approximately $8.13 per Unit using a conversion rate of COP 3,233.91 per $1.
2. The instrument has no expiration date
Remarks:
/s/ Maria Fernanda Valencia Tafur, Attorney-in-Fact for Luis Fernando Restrepo Echavarria07/17/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR